Matthews Studio Profit Triples In 1st Quarter
- Share via
Matthews Studio Equipment Group, a Burbank provider of production equipment to the entertainment industry, said its fiscal first-quarter profit more than tripled from a year earlier on a 60% gain in revenue.
In the quarter that ended Dec. 31, Matthews said its net income jumped to $449,000 from $138,000 a year earlier, and its revenue rose to $6.68 million from $4.17 million. The company attributed the gains to increased equipment rentals.
The biggest entertainment stories
Get our big stories about Hollywood, film, television, music, arts, culture and more right in your inbox as soon as they publish.
You may occasionally receive promotional content from the Los Angeles Times.
